EDMONTON, Alta. — A deal is expected to be announced later this week that will allow a $4-billion pipeline to be constructed in the Mackenzie Valley.
The project has been in jeopardy since a deal has not yet been reached with Native leaders who threatened to prevent the pipeline from being built. However, it appears TransCanada Pipelines has initiated a deal with Natives that will see northern aboriginals owning one third of the project.
Imperial Oil, Conoco Canada, Shell Canada and ExxonMobil Canada are the major companies behind the pipeline, which would be one of the largest natural gas developments in the region.
The 38,000-kilometre pipeline will transport the largest share of Western Canadian natural gas to market. The details of the plan are expected to be announced Thursday.
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